AP investigative reporter Richard Lardner brings The 11th Hour his reporting on what the lack of oversight cost the United States.» Subscribe to MSNBC: http:…
Here is an article by the same author on subject, if you prefer text over video:
I have a close relative who works for a small government department responsible for investigating and prosecuting financial fraud in government contracts or something similar. I believe they are part of, or work with the FBI. I don’t know all the details but this is my understanding based on what my relative has told me.
Since the PPP “loans” were distributed, the enormous task of investigating and prosecuting all the reported instances of PPP fraud has fallen entirely on their department. It is something like 40 or less people spread across the country and they have literally hundreds of thousands of fraud reports. They are completely and entirely unable to make meaningful progress on that backlog and while they are making successful prosecutions, the enormity of the problem is not being properly addressed.
People who blatantly committed PPP fraud are walking around scot-free simply because our country has not allocated the proper resources to hold them accountable. The last time we chatted about his work he had mentioned that they had received some new resources last year but not nearly enough to catch up on their backlog.
Please, reach out to your elected representatives and communicate that we want justice applied equally. These people took our money in a moment of crisis and defrauded the American people. They need to be held accountable. There may be people here who are better acquainted with the situation and I apologize if I have mis-represented anything. I just wanted to share what I had heard from someone directly involved in the hopes it might spur some change or at least inform people of the problem.
First thing Trump did after the bill was signed was to fire the person who was assigned to oversee and prevent fraud.
Yeah but it’d be unfair to those who took student loans to get a break or some shit.